Investment watchdogs have been asking for far too much power — and Ottawa just gave it to them Alistair Crawley, Financial Post

The siren call for the proposed expansion of the powers of the Investment Industry Regulatory Organization Industry of Canada (IIROC) to enforce its fines through the courts in Ontario has been welcomed with open arms and few questions. In its Budget 2017, the federal government announced it will soon introduce legislative amendments to improve the ability of self-regulatory organizations (SROs) to collect fines levied against individuals, claiming it will help to “deter potential offenders” and increase funds available for investor protection. While this has been applauded by IIROC and some investor advocacy groups, it is unclear how it will better protect the investing public.